I have been thinking whether 0.005 btc is good enough to start but it is just for practice trading right, no matter, if you lose the profit at least you will gain experience. I start my trading in coinut and deposit 0.005 btc when it was around 12k USD. I stop my trading when the fluctuation causes traders to sell high.
Eventually, I am trying to read chart and still losing. I know I need to learn more, and I have tried to trade with altcoins with low price but not yet satisfied.
My question is what is the exact amount to start trading and how much profit will you earn. Give me example and I will evaluate.
Please answer my question professionally, I will delete answer with no connection to the topic.
Thank you. GODBLESS.
in my own i start with 2k pesos its best to start with a small amount of money so that when you loss in trading only small money but when you know already the flow of the market then i suggest to start with high amount.
If you are even starting out to trade for the first time after learning all that you need to and trying to plan out your strategy for the long run and build confidence using it, it is always better to not even try out any amount immediately.
There are various platforms that are always giving out free funds to trade with on their demo platform and master the style of trading as much as possible, which is something I believe any newbie should always take advantage of to be able to build on their skills before entering the real trading world.
Yes, that's true. Because through that free funds demo platform, you can understand how trading works. It will make you develop your skills in trading without losing any peso yet. In that case, you will have a big opportunity to be a good trader in the real trading industry because you already enhanced yourself in it.